NCR Atleos Corp (NATL): debt financing — NCR Atleos closes $1.35B 9.5% notes and $2.085B credit facilities for spin-off

NCR Atleos Corp

Issued $1.35B aggregate principal of 9.500% senior secured notes due 2029 via escrow issuer.
Entered $2.085B credit facilities: $500M revolver, $835M Term A, $750M Term B loans.
Proceeds will finance cash distribution to NCR, pay fees/expenses, and for general corporate purposes.
Spin-off expected effective 5 PM ET Oct 16, 2023; record date Oct 2, 2023.
Notes and facilities secured by substantially all assets upon completion of spin-off.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NCR Atleos Corp incurred senior notes of $1,350 million aggregate principal amount with Citibank, N.A. at 9.500% maturing 2029.

Instrument: senior notes
Principal: $1,350 million aggregate principal amount
Counterparty: Citibank, N.A.
Rate: 9.500%
Maturity: 2029
Event: incurrence

Exact text from the filing

of $1,350 million aggregate principal amount of 9.500% senior secured notes due 2029

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NCR Atleos Corp entered into Indenture with Citibank, N.A., as trustee and notes collateral agent valued at $1,350 million aggregate principal amount of 9.500% senior secured notes due 2029 (effective 2023-09-27).

Action: entry
Agreement: notes offering
Counterparty: Citibank, N.A., as trustee and notes collateral agent
Value: $1,350 million aggregate principal amount of 9.500% senior secured notes due 2029
Effective: 2023-09-27

Exact text from the filing

closed the previously announced offering by the Escrow Issuer of $1,350 million aggregate principal amount of 9.500% senior secured notes due 2029

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NCR Atleos Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-244175

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